60626 Foreclosure Mania

"Estes Watcher," a reader of the Broken Heart blog, wrote to blogger Craig that "The new 5-unit townhouse/penthouse development at Estes and the Metra viaduct is now in foreclosure." Interesting. Well-informed sources tell The Bench that there are over 500 foreclosures in progress right now just in the 60626 zip code alone. Maybe all those people who bought into the DevCorp propaganda are finding out now that their "investment" was not all it was - pardon the expression - cracked up to be. See * Aronson Project in Foreclosure